Finance Glossary

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  • EM

    Definition:

    Exception Memorandum.

  • EmpID

    Definition:

    (employee ID): Unique identification code for an individual associated with the University.

  • Encumbrance

    Definition:

    A commitment to pay for goods and/or services reflected in a budget (i.e. purchase order commitment).

  • ERP

    Definition:

    Enterprise Resource Planning Systems:  A single, integrated business solution that works across an entire organization. The primary elements of the solution are multiple software applications, or modules, that provide specialized functionality within a single, integrated operating environment that makes use of data in a database that is shared among the modules. At Columbia University, the Finance business area is the focus of our ERP effort.

  • EZ-PO

    Definition:

    FFE generated Purchase Order for small dollar and UwPA transactions